Townsend Asset Management Corp NC ADV Purchases 6,319 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Townsend Asset Management Corp NC ADV boosted its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,493 shares of the company’s stock after acquiring an additional 6,319 shares during the quarter. Capital Group Growth ETF accounts for approximately 1.7% of Townsend Asset Management Corp NC ADV’s investment portfolio, making the stock its 14th biggest holding. Townsend Asset Management Corp NC ADV’s holdings in Capital Group Growth ETF were worth $4,505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Group Private Client Services Inc. raised its position in Capital Group Growth ETF by 14.5% during the first quarter. Capital Group Private Client Services Inc. now owns 15,759,357 shares of the company’s stock worth $504,142,000 after acquiring an additional 1,990,616 shares in the last quarter. LPL Financial LLC grew its stake in shares of Capital Group Growth ETF by 11.3% in the second quarter. LPL Financial LLC now owns 9,981,257 shares of the company’s stock valued at $328,284,000 after acquiring an additional 1,016,246 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Capital Group Growth ETF by 4.0% in the third quarter. Commonwealth Equity Services LLC now owns 9,323,101 shares of the company’s stock valued at $324,351,000 after acquiring an additional 359,838 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Growth ETF by 3.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,771,174 shares of the company’s stock valued at $189,814,000 after acquiring an additional 194,550 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Capital Group Growth ETF by 27.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,077,593 shares of the company’s stock valued at $167,002,000 after acquiring an additional 1,099,783 shares in the last quarter.

Capital Group Growth ETF Stock Performance

CGGR stock opened at $35.59 on Tuesday. The company’s 50-day simple moving average is $33.92 and its 200 day simple moving average is $32.73. Capital Group Growth ETF has a 52 week low of $23.34 and a 52 week high of $35.69. The company has a market capitalization of $6.06 billion, a PE ratio of 28.99 and a beta of 1.22.

About Capital Group Growth ETF

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.